Human capital, true love, and gender roles: is sex destiny?
Nuclear families are optimally specialized when household partners are complementary to each other, wherein one does the homework and the other does the wagework. A model was developed where there are two adults with two types of work and two types of aptitudes. Since mates are matched according to true love, coordination problem arises because it is possible to match non-complimentary adults. Although selection in training is done to minimize this problem, it cannot eliminate it.
Publication Name: Journal of Economic Behavior & Organization
Unemployment vs. mismatch of talents: reconsidering unemployment benefits
An equilibrium search-matching labour market model with two-sided ex-ante heterogeneity was presented. Results show consistency with the contrasting evolution of labor markets in the US and Continental Western Europe. It was shown that there was a dramatic rise in unemployment rate and productivity per worker in Europe but not in the US. Moreover, there was a remarkable rise in wage inequality in the US than in Europe.
Publication Name: Economic Journal
Search, unemployment and growth
A model of the theoretical effects of changes in the pace of technological change upon unemployment, particularly during the time when unemployed workers are searching for jobs and waiting for calls from future employers, is proposed. Results indicate that increases in the size of innovations increase steady state search, decrease steady-state waiting-time unemployment and decrease total unemployment.
Publication Name: Journal of Monetary Economics
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